Twenty7tec has added Perenna to its SOURCE module, providing advisers with access to a broader range of mortgage products.

Perenna allows borrowers to fix their rate for up to 40 years, meaning they’ll know exactly what they must pay monthly for their mortgage term.

Nicole Smith, lender national account manager at Twenty7tec, said: “We welcomed the opportunity to work with Perenna and to assist with their presence in the Intermediary space. It’s no secret that people are happiest when they aren’t worrying about money. Given the challenging rising-rate market we’ve been operating in over the last 18 months, long-term fixed propositions like this are becoming increasingly popular.

“Residential purchase and remortgage products will be available to SOURCE via our Twenty7tec Velocity platform. In addition, Perenna’s lending criteria will be available to search alongside their products, providing certainty to users earlier in the research process.”

John Davison, head of product, proposition & distribution at Perenna, added: “Perenna is all about offering customers and brokers security and flexibility in a confusing market. By partnering with Twenty7tec, we are ensuring that mortgage brokers have the opportunity to compare the value of our products against the short-term fixes commonly available.

“As our product suite grows, I look forward to showcasing innovative ideas and products on the Twenty7tec platform and working together to help automate and digitise the broker and customer experience.”